SPANNING POWER GLOBALLY. Since 1953

Transcription

1 SPANNING POWER GLOBALLY Since

2 OUR VISION & MISSION STATEMENT Our Vision Setting the standard of excellence in modern power systems globally. Our Mission To be a global provider of outstanding, end-to-end integrated power solutions in transmission lines, sub-stations, and balance of plant projects through state-of-the-art technology, supported by experienced professionals, thereby enhancing scalability, providing clean energy, expanding business and empowering lives. 2

3 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 3

4 INTRODUCTION Strong Foundation A Leading Player Strong Execution Capabilities Electrical Manufacturing Company Ltd. now known as EMC. Established in 1953, EMC has more than 55 years of experience in the transmission sector. EMC qualified for all segments in the T&D sector. Offers complete turnkey solutions in the field of power transmission systems and associated sub-systems. In the elite group of companies qualified to execute 765kV transmission line projects. Qualified & experienced for up to 765kV sub-stations and industrial power systems. In-house manufacturing facilities: conductors and hardware along with towers & tower test bed. Built over 11,000 kms of transmission lines of up to 765kV. High Margin Business Huge market opportunity in the premium 400kV 765kV segment. High entry barriers and minimal competition, therefore revenue and margins are high. EMC among very few players (6-7) operating in this segment. Talented Human Resource Highly experienced professionals from the EPC industry. It has a strong team of more than 150 talented engineers. Organisational strength of over 1500 employees in total. Being an established player in the Power Systems industry with turnkey solutions, excellent project execution and skilled manpower, EMC has great advantage over the new entrants and other established players in the sector. 4

5 MILESTONES & ACHIEVEMENTS 1 st Batch to sign PPA with NTPC Vidyut Vyapar Nigam Ltd. for setting up a 5 MW Solar Power Plant in UP under JNNSM st company in India to obtain ISO certification for Transmission Lines Ventured into civil work for Coal & Ash Handling, Boiler erection at Power Plants Completed 400kV sub-station at Pirana for PGCIL Completed one of the first 765kV Single Circuit lines & bagged one of the first 765kV Double Circuit Line order in India 1 st company in India to carry out stringing of OPGW in India st company in India to supply 400kV Hardware Fittings & Accessories to NTPC Hardware Fittings & Accessories division established The 1st 132kV line in the Snow Zone above 9000 ft in Jammu & Kashmir 1969 Exported first lot of towers to Kuwait 1967 Tower Testing station in Naini, Allahabad established st company in India to have in-house Design facility st Transmission Line tower factory was established Conductor factory set up followed by an Extrusion & Forging unit 1953 Company established 5

6 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 6

7 RAPID ECONOMIC GROWTH Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation A Huge Opportunity for the Established Transmission Players Rapid Economic Growth ( ) 12 GDP Growth (%) At a 8.6% growth rate, India is the second fastest growing economy in the world after China. In the budget, the Indian Finance Minister has targeted returning to the pre-crisis growth rates of 9% as soon as possible and sustaining it in future (PE) (QE) (AE) Growth Rate (%) Source: India Economic Survey PE Provisional Estimates / QE Quick Estimates / AE Advanced Estimates Sustainable growth critically depends on the macro economic environment coupled with infrastructural development. 7

8 NEED POWER FOR SUSTAINED ECONOMIC GROWTH Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation Opportunity for EMC Estimated Generation Capacity Addition (GW) Trend in Per Capita Consumption (KWh) 2012 (P) X Plan XI Plan XII Plan Source: CLSA Report (Apr 2008) (P) - projected Source: IBEF Report (Sep 2009) Targeted per capita consumption of 1,000KWh by end of % Energy shortage recorded in According to IBEF annual GDP growth rate of 9% would necessitate a 10-11% growth rate in the power sector. Government mission Power For All By 2012 Requires 200 GW installed generation capacity by will require large scale addition of regional and inter -regional transmission lines for evacuation. 8

9 DRIVING THE DEMAND FOR TRANSMISSION FOR EVACUATION Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation Opportunity for EMC Status of Transmission Lines in Circuit Kilometers (ckms) Transmission Lines Target up to 11 th plan March 2012 Existing: March th Plan Estimate 765kV 7,850 3,563 25,000 HVDC +/-500kV 7,432 7,452 5,000* 400kV 125,000 97,353 50, /220kV 150, ,099 40,000 The sector has registered growth of 10% in T&D losses continue to be on the higher side. (approx 18-50%). The present investment in Generation and T&D Sector is 1:0.5 as against the desired ratio of 1:1. At present, transmission line additions are mostly being carried out at higher voltage. Total Trans. Line 290, , ,000 *Includes HVDC +/- 800kV Source: CEA (Mar 07), IEEMA (Nov 2010) As per IEEMA the anticipated requirement of transmission lines in 400kV segment will be highest in the 12 th Plan. Large investments expected in the T&D sector development in order to match the power generation capacity. 9

10 DRIVING THE DEMAND FOR TRANSMISSION FOR EVACUATION Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation Opportunity for EMC India s Expected Spending (Rs. in bn) T&D Sector Particulars 10 th Plan 11 th Plan Power Grid Corporation India Ltd Other Central Utilities & Private Utilities State Utilities Total Spend for Transmission Line 492 1,400 RGVVY APDRP Total Domestic Spending 759 2,079 Source: Crisil Transmission Utilities Business Scenario Power Grid (CTU) Business Scenario Network presently carries over 45% of the total power generated in India; this is expected to increase to 60% by Total 38050MW inter-regional power transfer capacity of 220kV & above targeted by the 11 th Plan. Adopted transmission system with higher voltages to cut losses and minimise ROW requirements. State Transmission Utilities (STU) Business Scenario Revamping and upgrade of existing transmission systems. The majority of new projects are 400kV voltage ratings. Unbundling of SEBs have occurred in 15 states. Setting up high capacity intra-state power transmission systems to address rapid industrialisation and growing power needs. Expected spending of Rs. 2,079 bn in the T&D Sector under the 11th Plan. In the 12th plan PGCIL plans to spend Rs. 1,200 bn for enhancing the capacity of the interregional transmission grid and building a High Capacity Transmission Corridor (HCTC). Huge plans for the inter-regional and intra-state power transfer capacity. 10

11 OPPORTUNITY FOR EMC Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation Opportunity for EMC An annual GDP growth rate of about 9% Requires a 10-11% growth rate in the Indian power sector Large scale addition of power generation capacity Would necessitate large scale addition of power transmission capacity Large scale addition of transmission capacity, at high voltage up to 1200kV, to minimise T&D Loss Private companies entering into power generation Demand for upgrade of existing transmission lines Being a turnkey solution provider and one of the top 6-7 players qualified for high voltage projects provides EMC an immense growth opportunity Will require specialised players like EMC for setting up transmission lines up to 1200kV for evacuation A new market for EMC 11

12 OPPORTUNITY FOR EMC Rapid Economic Growth Need Power for Sustained Economic Growth Driving the Demand for Transmission for Evacuation Opportunity for EMC This effectively translates into a large universe of Rs. 1,560.0 bn. In the Transmission Line Space alone over the next 5 years ( ); thus leaving room for all major players in this space Power Opportunity Generation (Rs bn) Transmission (Rs. 2,400.0 bn) Distribution (Rs. 4,000.0 bn) Transmission Line Substation (65%) (35%) Tower Package (60%) Conductors (35%) Insulators (5%) Transformer Substation Others 12

13 North America Europe Pacific E.Europe Asia Middle East Africa Latin America OPPORTUNITIES IN THE GLOBAL TRANSMISSION SECTOR T&D Investments Globally Over E (US$ bn) Opportunities in the International Market 2050 Transmission Distribution Source: IEA World Energy Outlook Report, 2009 Growth in international market is expected to be driven by investments in Interconnection projects and transmission projects for new generation capacities Replacement demand in the next 5-7 years According to International Energy Association (IEA) world energy consumption to grow to 2,8141Twh from 15,665Twh at 2.5% CAGR over According IEA approximately 48% of investments were made in power T&D projects in Key international markets will be: South Asia, the Middle East, Africa and North America, which are at different thresholds of power capacity addition. To support this massive energy consumption target, global generation capacity is expected to reach 2,837GW by 2030, which would require US$ 6.7 tn investments in the T&D sector over

14 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 14

15 TRANSMISSION LINE PROJECTS 15

16 OPERATING SEGMENTS (1/3) Transmission Line Projects Turnkey solutions in transmission line projects up to 765kV and ready for 1200kV projects Activities Supply Contracts: Transmission line towers including Bolts & Nuts and Tower Accessories, Line Hardware, Insulators and Earth-wire. Construction Activities: Survey, detailed soil investigation, civil construction of foundations, erection of towers, stringing of conductors and testing & commissioning of line. Key Projects Undertaken Supplied over 350,000 mt of Towers including 40,000 mt overseas. Built over 11,000 kms lines for many utilities in India and abroad including Power Grid, NTPC, DVC, various State Utilities etc. Presently executing 30 orders of 400kV & 765kV of over 150,000 mt of Towers and 2550 kms of lines. 765kV: Completed S/C Seoni Mewad TL of 134 kms. Currently executing 9 contracts of over 1400 kms for PGCIL. 400kV: Completed over 4000 kms and currently executing 8 lines of over 1150 kms. Up to 220kV: Completed over 5700 kms, of which approx 1200 kms are outside India. Features First ISO-9001 certified company in India in transmission line projects Also has been accredited with ISO certification by KVQA Qualified to execute 765kV transmission line projects One of the leading Indian EPC player qualified for overhead high voltage transmission line up to 765kV 16

17 EHV SUBSTATIONS / DISTRIBUTION SYSTEM / INDUSTRIAL POWER DISTRIBUTION SYSTEM EHV Substations Distribution System Industrial Power Distribution System 17

18 OPERATING SEGMENTS (2/3) EHV Substations / Distribution System / Industrial Power Distribution System Operating Segments EHV Substations Distribution System Industrial Power Distribution System (IPDC) Activities under each Segment EHV Substation projects up to 400 / 765kV (both GIS & AIS) Supply contracts for major equipments of substation Construction activities including erection, testing & commissioning as EPC contractor HT/LT Substation up to 66kV & Distribution line up to consumer metering Supply of equipments Construction including erection, testing & commissioning as EPC contractor Load Distribution Centre (LDC) Underground tunneling & electrical cabling,cable bridge & fire detection & fire fighting systems PLCC & SCADA installation Plant Illumination & Electrification, Street Lighting Projects Undertaken Supply of equipments & materials and construction of 400 / 220kV Pirana Substation with 12 bays for PGCIL as EPC contractor in a JV with Areva. The work includes Civil construction / Control Room Building / Fire Fighting system etc. Rural electrification work in Nawada, Jehanabad and Arwal districts of Bihar having 15 substations (33 / 11kV) for BSEB through PGCIL under RGGVY Scheme. The work also includes consumer metering in over 1200 villages. Civil & electrical contract for IPDC project of SAIL - IISCO s steel plant at Burnpur in a JV with Areva having 13 substation LDCs and over 6.5 kms of concrete tunneling for cable laying and cable bridge of 2 kms etc. LBDS / Ventilation / SCADA automation 18

19 MANUFACTURING ACTIVITIES Towers Hardware & Conductors Auto & Defence Components 19

20 OPERATING SEGMENTS (3/3) Manufacturing Activities Operating Segments Towers Hardware & Conductors Auto & Defence Components Activities under each segment Manufacturing of transmission line towers. Manufacturing units in Kolkata and Naini, Allahabad. Manufacturing of hardware fittings, accessories and bare conductors suitable for overhead power transmission lines. Manufacturing quality nonferrous alloys, extrusions & forging and special aluminum alloy / copper components. Factory at Agarpara near Kolkata. Projects Undertaken Manufactured & supplied over 350,000 mt. Currently over 150,000 mt of orders in hand. Conductors manufactured & supplied over 30,000 kms including 7,000 kms of 61 strands ACSR Moose. Hardware Fittings & Accessories 1st company in India to supply hardware fittings to NTPC Auto & Defence Currently executing orders for Bajaj Auto, MACO Pvt. Ltd. LML Ltd. Ordnance Factories / Gun & Shell Factory, Rifle Factory, Small Arms Factory 20

21 OPERATIONAL VALUE CHAIN EMC provides Transmission, Distribution, sol utions & BOP for EPC Projects. EPC Projects 1 Transmission 2 Distribution 3 BOP It also manufactures Towers, Hardware and Conductors suitable for EPC Projects. 4 Manufacturing Towers, Hardware and Conductors Scrap from manufacturing and EPC Projects is used as raw material for its Defence & Auto Components unit. 5 Scrap Manufacturing Defence and Auto Components Optimally utilising facilities through its four operating divisions to provide turnkey solutions and maximising revenues. 21

22 GEOGRAPHICAL PROJECT PRESENCE Presence in Indian States Overseas Presence Rajasthan Jammu & Kashmir Gujarat Jharkhand Uttar Pradesh Bihar West Bengal Tripura Mexico Nigeria Libya Egypt/ Jordan Syria Kenya Laos Thailand Madhya Pradesh Maharashtra Karnataka Kerala Tamil Nadu Orissa Mizoram Chhattisgarh Manipur Nagaland Philippines Bangladesh Abu Dhabi Dubai Arunachal Pradesh Andhra Pradesh 22

23 KEY MANAGEMENT TEAM Mr. S L Dugar Non-Executive Chairman A prominent industrialist, entrepreneur & philanthropist having over 30 years of experience Has a stake in EMC. Mr. Manoj Toshniwal Managing Director Mr. Ramesh Chandra Bardia Joint Managing Director Mr. Suraj Mall Singhi Non-Executive Independent Director A prominent entrepreneur having over 20 years of experience. Has in-depth knowledge and understanding of the Power Industry. Has a stake in EMC and manages day to day affairs of the company. A prominent entrepreneur having over 35 years of experience in investment and finance Industry. Has a stake in EMC and manages commercial functions of the company Is also involved with certain financial institutions as a promoter. Holds experience of over 45 years in manufacturing and power sector. Held very senior position in Fort Gloster Industries Ltd. Is also a Director of JDS Trade Links Pvt Ltd. and General Investment Company Ltd. Mr. Arun Kumar Datta Non-Executive Independent Director Holds 35 years of vast industry experience in various industries like cement, electricity, engineering, infrastructural development. Is an advisor to business corporations like Veolia Water, AES Corporation, IL & FS Group, J K Cement, Star India. Also on the Board of few renowned companies like Indo-Zinc Limited. 23

24 KEY MANAGEMENT TEAM Mr. Saubir Bhattacharyya Non-Executive Independent Director Holds over 40 years of experience and expertise in business, administration, customer service, human resource management for renowned companies like SBI. On panel of special directors of BIFR, arbitrators MCX Ltd & NSE Ltd and on the board of STESALIT Ltd. Member of Circle Credit committee. Has held the position of Chief Operating Officer of The Calcutta Stock Exchange Ltd. Mr. D P Sharma Executive Director, Finance & Audit Holds over 40 years of professional experience in very senior positions in some of the leading engineering & steel companies like HDC & Usha Martin. 24

25 TOP CLIENTS Power Grid Corporation of India Ltd. Transmission Corporation of Andhra Pradesh Steel Authority of India Ltd. NTPC Ltd. Indian Iron and Steel Company Orissa Power Transmission Corporation Ltd. Damodar Valley Corporation UP State Electricity Board J&K Government electricity Department DEWA, Dubai 25

26 ONE-STOP SHOP FOR TURNKEY SOLUTIONS EMC offers total turnkey solutions, complete with design, engineering, electrical, mechanical & civil works and associated auxiliary systems for: Transmission o Transmission lines up to 765/800 kv o Sub-stations up to 765 kv Distribution o HT/LT distribution in the industrial sector o LT distribution in rural areas and rural electrification up to consumer metering Balance of the plant (BOP) o Both EHV sub-station and plant electrification for integrated steel & power plants o Illumination packages for area and production units Our Sectors Power Transmission Sectors Industrial Sectors Defense Automobiles Product Lines o Transmission Line Towers o AAAC/AAC/ACSR Conductors o Insulator Hardware Fittings and Accessories o Performed Line Products o Non-ferrous Extrusion, Forgings and Die Casting 26

27 WHAT IS THE EMC ADVANTAGE? Over 55 years of professional experience Leading turnkey Transmission & Distribution solutions provider One of few companies in India capable of undertaking and successfully executing high voltage projects Offers comprehensive turnkey solutions with design engineering, erection, testing and commissioning, including all auxiliary systems such as lighting & illumination, fire detection and fire fighting systems In-house facilities to design and manufacture: o o o o Towers Conductors suitable for power transmission and distribution Insulator hardware fittings and accessories Non-ferrous extrusion, forgings and die castings Design and Testing of Towers for Destruction Tests and having in-house Test Bed Constructed over 11,000 kilometers of transmission lines of up to 765 kv Consistently exhibited strong time-bound execution capabilities both domestically and abroad One of few Indian EPC players (6 to 7) qualified in 765 kv transmission lines & now poised to enter 1200 kv segment Fully equipped to execute Gas Insulated Sub-stations (GIS) projects on turnkey basis 27

28 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 28

29 PEER PROFILE Kalpataru Power Transmission Limited: Product Profile: Power Transmission & Distribution, Cross Country Pipeline, Oil & Gas field Surface Facilities, Civil Infrastructure Projects, Power Generation (biomass) as well as Railway projects. Public listed company based at Gandhinagar Gujarat with a Turnover of Rs. 43,550 mln. For FY11 & annual installed capacity of 108,000 MTs. Of Galvanized Steel Towers. As on 31 st Mar, 2011, company has consolidated order book of above Rs 96,500 mln. KEC International Limited: Product Profile: Power Transmission, Power Systems, Cables, Railways, Telecom and Water. Power Transmission is the largest vertical of the company. Public listed company based at Nasik with a Turnover of Rs. 43,230 mln. For FY11, installed capacity of 100,000 MTs. As on 31 st Mar 2011 the company has a total order book of Rs. 81,200 mln. Jyoti Structures Limited: Product Profile: Transmission Lines, Substations and Distribution Projects. Public listed company with manufacturing plants at Nashik, Raipur and Dubai with a turnover of Rs. 24,000 mln, for FY11, combined manufacturing capacity of 160,000 MT of Transmission Line Towers & order book of Rs. 45,000 mln as on 31 st Mar

30 EMC VIS-À-VIS COMPETITORS Comparison of Growth in Turnover (YoY) Comparison of Growth in Turnover (Base Year) Growth in Turnover (YoY basis) Growth in Turnover (Over Base Year) 78% 95% 900% 800% 768% 62% 37% 37% 38% 38% 24% 22% 19% 18% 13% 13% 8% 11% 2% % 600% 500% 400% 300% 200% 100% 556% 284% 175% 100% EMC KALPATARU KEC JYOTI EMC KALPATARU KEC JYOTI Source: Company Research Source: Company Research Turnover Growth rate in comparison to previous year Above data based on turnover growth with base year as

31 PEER PERFORMANCE Operating Performance & Consensus Estimates (For FY11) Revenue (in Rs. Mn) Revenue Growth (YOY%) Operating Margin (%) Profit Margin (%) ROA (%) ROE (%) ROC (%) KALPATARU POWER TRANSMISSION 43, % 11.58% 4.23% 4.71% 14.99% 12.63% KEC INTERNATIONAL LTD 44, % 10.34% 5.19% 5.26% 23.72% 14.25% JYOTI STRUCTURES LTD 23, % 11.17% 5.69% 5.98% 18.70% 17.24% EMC 9, % 7.80% 4.68% 8.12% 62.69% 47.21% The company is on a fast growth trajectory with an order book of Rs. 22,070 mln as on 31 st March 2011 Source: Bloomberg, Company Annual Reports (*) Data As of

32 In Rs. Mn STRONG ORDER BOOK GROWTH & EXECUTION CAPABILITIES Outstanding Order Book & Growth(YoY) Execution Performance % 79% 100% % % 90% 80% % 80% 37% 70% % % 60% 50% % % 40% 30% % % % 10% 10% % % Outstanding Order Book Order book Growth Source: Company Research Outstanding order book/turnover Ratio Orders Executed as a % of Average Order Book Robust Growth in Order Book & consistent execution of Projects 32

33 SWOT ANALYSIS Strengths One of the few qualified in 765kV Trans Line and above Experienced team with exposure to Trans Line, Sub Stations & Industrial Power Systems USP of in-house manufacturing facility for Towers, Conductors, Fittings One of the 1 st entrants in solar power Weaknesses Manpower for new projects Attrition & poaching in industry In the 12 th Plan, 80,000 kms of Trans Lines of 400kV & 765kV envisaged Under the 11 th Plan, Rs. 2,079 bn expected spending in the T&D sector Envisage potential for 1200kV TL Vast opportunity for Clean Energy New entrants Competition from Indian Majors Opportunities Threats 33

34 PLAYING IN THE BIG LEAGUE With proven execution skills, support from government organisation and being one of the few players in the 765kV segment, EMC is expected to benefit from government s transmission capacity expansion plans. 1200kV Transmission Line Projects EMC is poised to enter 1200kV Will be major focus segment in future. 400kV / 765kV Transmission Line Projects Major focus by government on development. Premium Segment. High Margin Business. Required Established Track Record. Only 6-7 Leading Players. Kalpataru, KEC/RPG, Jyoti, etc. Large number of local engineering companies. 200kV / 230kV Transmission Line Projects Relatively new companies. 34

35 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 35

36 FUTURE ROADMAP Expand other Verticals to de-risk the business Enhance Scalability Ensure Order Book Position Explore Opportunities in Foreign Markets Currently Transmission Line division contributes 80% of the total revenues Expand its focus on the other verticals i.e. HV Substations up to 400kV, RGGVY Distribution projects & Industrial Power Distribution System The GOI has laid emphasis on Renewable Green Energy projects of JNNSM under brand Solar India which has growth potential Increase its manufacturing strength by setting up a Greenfield factory Human resource is a big challenge in the EPC industry. Though EMC has a strong workforce it needs to increase it to meet the growing demand. EMC Academy Ltd. has been set up for imparting training in the field of Power Systems Bid for more projects of PGCIL & UMPP As more private sector players are entering into power generation, it will look forward to tying up with them to increase its order book position Bid in restructured State utility funded projects Emerging markets such as Africa continue to offer immense opportunities Need of better power transmission network Emphasis on export of manufactured goods 36

37 CORPORATE SOCIAL RESPONSIBILITY The Company s CSR activities involve: Environment Education Rural development Local Area Responsibility Working in Clean Energy in the industrial area of Naini near Allahabad by setting up a Solar Power plant. EMC Academy has been set up in Kolkata to create a large pool of supervisory talent & for imparting technical education in the field of power systems. In its projects, EMC adopt the villages wherein they provide:- Bore wells Primary schools Drinking water Beautification of the surrounding area near the factory, including plantation of trees. 37

38 GREEN INITIATIVE - SOLAR POWER PLANT Activities Committed to green power and setting up a 5 MW Solar power plant at Naini, Allahabad. Participated in the Phase 1 Request for Selection as Entrepreneur to set up a 5 MW Solar Power Plant under GOI s Jawaharlal Nehru National Solar Mission (JNNSM). Features Has been selected against very tough competition among 400 participants and has already signed a Power Purchase Agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd. ensuring sale of power for the next 25 years. The plant is environment friendly and will provide sustainable & renewable energy. EMC will also gain the benefits of Carbon Credit from this plant. The land for the plant has been arranged & will be operational by December

39 INDEX INTRODUCTION INDUSTRY OUTLOOK ABOUT EMC COMPETITION AND EMC S POSITION FUTURE ROADMAP AND CSR INITIATIVES ORDER BOOK & FINANCIALS 39

40 CURRENT ORDER BOOK (1/2) Overhead High Voltage Transmission Lines Sl.n Particulars Name of Client Amount (in mln) Completion Schedule KV Pirana Substation PGCIL SAIL - Power Distribution Package SAIL Road Area Lighting SAIL Illumination, Earthing Lightning protection of BOF & CCP SAIL KV D/C Nimrana Sikar T/L PGCIL Turnkey Cons of 400KV TL - Vijaywada APTRANSCO KV Agra- Sikar T/l Part I PGCIL KV Agra- Sikar T/l Part II PGCIL KV Fatehpur - Agra T/L Pkg G3 PGCIL Turnkey Cons of 400KV TL From Bhoopalpally TPP APTRANSCO KV Bareilly-Kashipur TL Pkg 214-TW03) PGCIL KV Kashipur-Roorkee TL Pkg 214-TW04) PGCIL

41 CURRENT ORDER BOOK (1/2) Overhead High Voltage Transmission Lines Sl.n Particulars 765 Kv D/C Raigarh Pooling Station - Raipur Pooling Station T/L (Part-II) [Pkg- TW02] i) 765 Kv D/C Raigarh Pooling Station - Raipur Pooling Station T/L (Part-III) ii) 400 Kv D/C Raipur Pooling Station - Station [Pkg - TW03] Name of Client Amount (in mln) Completion Schedule PGCIL PGCIL kv S/C Satna - Charkeri (Part-I) T/L PGCIL kv S/C Charkeri - Gwalior (Part-II) T/L PGCIL kV S/C Breilly - Lucknow (Part-I) PGCIL kV S/C Breilly - Lucknow (Part-II) PGCIL KV D/C Dharamjaygarh-Jabalpur (Part I) PGCIL KV D/C Dharamjaygarh-Jabalpur (Part II) PGCIL KV D/C (Quad) Kishenganj to Patna TL(Part I) PGCIL KV D/C (Quad) Kishenganj to Patna TL(Part II) PGCIL Supply of Conductors - Kenya REA, Kenya Total

42 FINANCIAL HIGHLIGHTS Financials (FY FY 2011): Rs. in mln Particulars FY FY FY Turnover Operating Expense EBITDA Profit Before Tax PBT Margin (%) 7.57% 5.57% 6.99% PAT PAT Margin (%) 5.03% 3.71% 4.67% 42

43 Registered Office: Constantia Office Complex, 11, Dr. U.N. Brahmachari Street, 8th Floor, (South Block) Kolkata Telephone : Fax : info@emcpower.com (General enquiry) marketing@emcpower.com (Marketing enquiry) Website : Branch Offices: New Delhi Offices A-77 DDA Sheds, Okhla Industrial Area, Phase-II, New Delhi Greater Kailash Enclave, Plot B-2, Block-II, 2nd Floor, New Delhi Hyderabad Office 501, 5th Floor, Nirmal Towers, Dwarkapuri Colony, Punjagutta, Hyderabad Mumbai Office 216, Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai UK Office EMC Overseas Limited Unit 5A Charlwood Road, East Grinstead West Sussex, RH19 2HG, United Kingdom 43